Javier Milei's cryptocurrency-supporting party triumphs in Argentine midterm elections.

Election Victory: Argentine President Javier Milei's crypto-friendly party, La Libertad Avanza, won the midterm election with 40.68% of the votes, positioning him as a frontrunner for the October 2027 presidential race despite the Peronist party maintaining congressional majority.

Economic Policies and Controversies: Milei has focused on free-market policies and reducing state intervention, including legalizing contracts in Bitcoin; however, his reputation has been marred by involvement in the LIBRA token scandal, which raised allegations of insider trading, despite being cleared of wrongdoing.

Public Perception: Following the LIBRA scandal, Milei's approval ratings have significantly declined, with 63.2% of Argentines viewing him negatively as of October, a notable increase from earlier in the year.

Strengthening Ties with the US: A recent $20 billion currency swap with the US has strengthened economic ties, reflecting Milei's efforts to bolster Argentina's international relationships amid domestic challenges.